Ørsted Divests Stake in U.S. Renewable Projects to Support Growth

Ørsted Divests Stake in U.S. Renewable Projects to Support Growth

Ørsted Divests Stake in U.S. Renewable Projects to Support Growth

October 24, 2022--Researched by Industrial Info Resources (Sugar Land, Texas)--Ørsted A/S (Fredericia, Denmark) announced Friday it has sold a 50% stake in an 862-megawatt (MW) renewable energy portfolio consisting of three onshore windfarms and one solar plant in the U.S. for $410 million, injecting capital into the company as it continues to develop renewable energy projects.

Industrial Info is tracking $6.2 billion worth of renewable energy projects from Ørsted and its subsidiaries in the U.S. that have a high or medium (70-99%) probability of moving forward as planned, including six onshore solar and wind projects worth $1.85 billion.

Subscribe Now!(All Fields Required)

Subscription Type:

  • Pay-Per-Article - $5.95
  • Annual Premium News Subscription - $365.00
Pricing Help?